regions. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth … available data from the US Cluster Mapping Project to disentangle the impact of convergence at the region-industry level from … agglomeration within clusters. We find that, after controlling for the impact of convergence at the narrowest unit of analysis …

Several recent studies have examined the tendency of regions within a nation to exhibit long-term convergence in per … capita income levels. Barro and Sala-i-Martin (1991, 1992, 1995) have found a tendency towards convergence among the U … convergence among the provinces of China during the period 1952-1993. We find that real income convergence of provinces in China …

forces that lead to convergence over time in levels of per capita income and product? After considering predictions of closed … convergence, but the findings can be reconciled quantitatively with neoclassical models only if diminishing returns to capital set …

convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and … human capital. Regional convergence is about 2.5% per year, not more than 1% per year faster than convergence between … countries. Regional convergence is faster in richer countries, and countries with better capital markets. A calibration of a …

the world and, b) heterogeneity in these regions' capacity to generate financial assets from real investments. In …

will converge to the growth rate of the world technology frontier, and that all other countries will have a strictly lower …

Productivity growth is slowing around the world. In 2014, according to the Conference Board's Total Economy Data Base …

Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will …

academics in studies of economic growth, particularly through the Penn World Table, and in some cases, to allocate resources … extrapolation of the previous round, ICP 2005. These discrepancies will eventually have important implications for the Penn World … Table, and for international comparisons of living standards. The world according to ICP 2011 looks markedly more equal than …